Promissory Note (Commercial Real Estate Loan) (Pro-Lender) (IL) | Practical Law
A promissory note evidencing a commercial real estate loan secured by a mortgage on real property located in Illinois. This Standard Document is for a term loan that is fully advanced by the lender. This Standard Document has been drafted in favor of the lender but contains integrated notes with important explanations and drafting and negotiating tips for both lenders and borrowers.